We're Live: $AIAI Begins Trading on Nasdaq

The Open

• Ticker: NASDAQ: AIAI
• Listing day: May 14, 2026
• Opening price: $12.00
• First-hour range: $11.12 – $15.13
• Shares listed: 69,483,430 Class A shares
• Initial valuation: ~$833.8M

AIAI debuted via direct listing — no traditional underwriter book, no IPO allocation process. The $12.00 open came in below the $20 reference price floated in earlier filings, with shares experiencing the kind of two-way volatility you'd expect on day one of a direct listing as price discovery played out in real time.

What This Means for $DAG

For the first time, the Constellation thesis has a live, regulated, exchange-listed storefront. Every Hypergraph upgrade, every enterprise integration, every metagraph going to production, every Digital Evidence deployment — now has a stock price reacting to it in real time.

That changes the audience. Equity analysts, institutional allocators, traditional finance media, and retail brokerages can now access the Constellation story through a Nasdaq ticker. The conversation is no longer just crypto-native.

Day One ≠ The Thesis

Direct listings are messy by design — the first hours are about price discovery, not fundamentals. The thesis hasn't changed: AI needs verifiable data, and Constellation is one of the few networks in production already delivering it. The Nasdaq listing just gives that thesis a public address.

From "imminent" to a date on the calendar, to a live tape. The endgame has a timestamp — and now a ticker.

$AIAI x $DAG 🚀